DeFi Technologies Inc.(DEFT)Earnings, Financials & Key Ratios

DEFT•NASDAQ

$0.53

3.1× P/E·Price updated Jun 30, 2026

SectorFinancial Services IndustryCapital Markets Sub-IndustryAlternative Asset Managers and Specialty Finance

AboutDeFi Technologies Inc., a technology company, develops exchange traded products that synthetically track the value of a single DeFi protocol or a basket of protocols in Canada. The company offers asset management services, such as indirect exposure to underlying digital assets, digital asset indexes, or other decentralized finance instruments. It is also involved in early-stage investments in companies, banks, and foundations in the digital asset space; operation of a specialized arbitrage trading desk that focuses on identifying and capitalizing on low-risk arbitrage opportunities within the digital asset market; private research that produces research reports on digital assets; and provision of OTC desk and digital asset liquidity. The company was formerly known as Valour Inc. and changed its name to DeFi Technologies Inc. in July 2023. DeFi Technologies Inc. was incorporated in 1986 and is headquartered in Toronto, Canada.Show more

EBITDA$30M+204.3%
Net Income$62M+259.8%
EPS (Diluted)0.17+254.5%
Gross Margin70.4%-24.3%
EBITDA Margin39.43%+234.3%
Operating Margin37.4%+218.6%
Net Margin82.28%+305.7%
ROE72.27%+134.3%

DEFT Price & Volume

DeFi Technologies Inc. (DEFT) stock price & volume — 10-year historical chart

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Volatile Asset Valuation Masks Structural Revenue Instability

Investment Thesis • Updated 2026Q1

VerdictNegative

Growth:Contracting

Profitability:Strained

Financial:Mixed

Cash Flow:Deteriorating

Primary Risk:Extreme Asset Valuation Volatility

Key Thesis Takeaways

DeFi Technologies exhibits a precarious financial profile where reported earnings are heavily distorted by non-cash valuation adjustments rather than consistent operational fee generation.
The firm's reliance on volatile digital asset markets creates extreme top-line instability, evidenced by revenue swings such as the negative $71.3M print in 2024Q3.
Investors should remain cautious as the company struggles to convert net income into sustainable operating cash flow, with a 2026Q1 OCF/NI ratio of -2.75 indicating significant structural disconnects.

Verdict Logic

the firm's inability to generate consistent free cash flow, highlighted by a -2.75 OCF/NI ratio in 2026Q1, suggests that current valuation multiples like the 2.85 P/E TTM may not reflect the underlying operational risks.

DEFT Growth Metrics

DeFi Technologies Inc. (DEFT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years-

3 Years292.95%

TTM-

Profit CAGR

10 Years-

5 Years107.4%

3 Years-

TTM123.69%

EPS CAGR

10 Years-

5 Years40.19%

3 Years-

TTM25.5%

Return on Capital

10 Years-29.15%

5 Years-41.56%

3 Years-53.21%

Last Year32.37%

DEFT Recent Earnings

DeFi Technologies Inc. (DEFT) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 3/6 qtrs (50%)●Beat Revenue 0/6 qtrs (0%)

Q2 2026Latest

May 14, 2026

Metric

Actual

Est

EPS

$0.01+198.9%

$0.01

Rev

$11M-30.6%

$16M

Q2 2026

Apr 2, 2026

Metric

Actual

Est

EPS

$0.08+201.1%

$0.03

Rev

$5M-124.6%

$22M

Q4 2025

Nov 14, 2025

Metric

Actual

Est

EPS

$0.01-85.7%

$0.07

Rev

$23M-47.2%

$43M

Q3 2025

Aug 14, 2025

Metric

Actual

Est

EPS

$0.05-28.6%

$0.07

Rev

—

$44M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	May 14, 2026	$0.01vs $0.01+198.9%	$11Mvs $16M-30.6%
Q2 2026	Apr 2, 2026	$0.08vs $0.03+201.1%	$5Mvs $22M-124.6%
Q4 2025	Nov 14, 2025	$0.01vs $0.07-85.7%	$23Mvs $43M-47.2%
Q3 2025	Aug 14, 2025	$0.05vs $0.07-28.6%	—vs $44M

Based on last 6 quarters of dataView full earnings history →

Latest DEFT News

Recent stock market news and headlines for DeFi Technologies Inc. (DEFT)

PRNewsWire·4 days ago

DeFi Technologies Inc. Announces Extension of Proxy Voting Deadline for Upcoming Annual General and Special Meeting

Shareholders now have until June 28, 2026 at 5:00 PM ET to submit votes TORONTO, June 25, 2026 /PRNewswire/ - DeFi Technologies Inc. (the "Company" or " DeFi Technologies") (NASDAQ: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance, announced today that it has extended the deadline for the submission of proxies related to its upcoming annual general and special meeting of shareholders (the "Meeting") to June 28, 2026 at 5:00 PM ET. The Meeting will be held virtually on June 29, 2026 at 10:00 AM ET at https://meetings.lumiconnect.com/400-468-404-350.

Peers Comparison

Key metrics vs top competitors for DeFi Technologies Inc. (DEFT)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
DEFTDeFi Technologies Inc.Current	$0.53	$171.64M	3.10	-22.31%	82.28%	72.27%	—
COINCoinbase Global, Inc.	$151.65	$39.95B	34.08	9.4%	13.78%	5.68%	—
MSTRStrategy Inc	$92.68	$30.95B	-6.09	2.97%	-2519.39%	-24.09%	—
GLXYGalaxy Digital	$28.53	$9.46B	-53.83	40.22%	-0.11%	-2.31%	—
VOYGVoyager Technologies, Inc.	$30.18	$1.76B	-15.40	15.42%	-72.9%	-23.95%	—
IRENIREN Limited	$45.91	$16.38B	117.72	167.65%	31.71%	9.12%	—

Compare DEFT vs Peers

DeFi Technologies Inc. (DEFT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs COIN

Most directly comparable listed peer for DEFT.

Scale Benchmark

vs HOOD

Larger-name benchmark to compare DEFT against a more recognizable public peer.

Peer Set

Compare Top 5

vs COIN, MSTR, GLXY, VOYG

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DEFT Frequently Asked Questions

DeFi Technologies Inc. (DEFT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

What is DeFi Technologies Inc.'s revenue?

DeFi Technologies Inc. (DEFT) reported $64.9M in revenue for fiscal year 2025.

How fast is DeFi Technologies Inc. growing?

DeFi Technologies Inc. (DEFT) saw revenue decline by 22.3% over the past year.

Is DEFT profitable?

Yes, DeFi Technologies Inc. (DEFT) is profitable, generating $49.4M in net income for fiscal year 2025 (82.3% net margin).

Dividend & Returns

What is DEFT's return on equity?

DeFi Technologies Inc. (DEFT) has a return on equity (ROE) of 72.3%. This is excellent, indicating efficient use of shareholder capital.

What is DeFi Technologies Inc.'s free cash flow?

DeFi Technologies Inc. (DEFT) had negative free cash flow of $29.7M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in DEFT back in 2020?

Total return calculator · dividends reinvested · 6+ years of data

See returns →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q2 2026Latest

May 14, 2026

$0.01vs $0.01+198.9%

$11Mvs $16M-30.6%

Q2 2026

Apr 2, 2026

$0.08vs $0.03+201.1%

$5Mvs $22M-124.6%

Q4 2025

Nov 14, 2025

$0.01vs $0.07-85.7%

$23Mvs $43M-47.2%

Q3 2025

Aug 14, 2025

$0.05vs $0.07-28.6%

—vs $44M

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

DEFTDeFi Technologies Inc.Current

$0.53

$171.64M

3.10

-22.31%

82.28%

72.27%

—

COINCoinbase Global, Inc.

$151.65

$39.95B

34.08

9.4%

13.78%

5.68%

—

MSTRStrategy Inc

$92.68

$30.95B

-6.09

2.97%

-2519.39%

-24.09%

—

GLXYGalaxy Digital

$28.53

$9.46B

-53.83

40.22%

-0.11%

-2.31%

—

VOYGVoyager Technologies, Inc.

$30.18

$1.76B

-15.40

15.42%

-72.9%

-23.95%

—

IRENIREN Limited

$45.91

$16.38B

117.72

167.65%

31.71%

9.12%

—